Charleston Real EstateLast 25 Posts filed under Charleston Real Estatehttp://www.buyhomesincharleston.com/Homes With Pools in Mount Pleasanthttp://www.buyhomesincharleston.com/blog/homes-with-poolshttp://www.buyhomesincharleston.com/blog/homes-with-poolsWith the Charleston heat on the way, there's nothing better than having a beautiful pool to enjoy privately!
According to the Charleston MLS, only about 5% of detached homes that were on the market&nbsp;in the past year had an in-ground or elevated pool.&nbsp;In Mount Pleasant,&nbsp;only about 6% of homes on the market had a pool.
Homes with pools do not come in abundance in this Charleston area, thus ownin...Alan DonaldWed, 14 Mar 2018 13:40:00 -0400More Than Just a House- 62 Saturday Rd. http://www.buyhomesincharleston.com/blog/more-than-just-a-house-62-saturday-rdhttp://www.buyhomesincharleston.com/blog/more-than-just-a-house-62-saturday-rd
NEW LISTING in the beautiful and sought after Mount Pleasant neighborhood of I'On. This 4 bd. 3.5 ba. home&nbsp;is&nbsp;tucked away from the noise and activities by I'On Creek Club at 62 Saturday Road.&nbsp;
This&nbsp;home&nbsp;is more than just somewhere to sleep at night. It provides somewhere to rest and relax, a large enough&nbsp;space to raise a family or have the family over, and is located in a neighborhood that...Alan DonaldMon, 19 Feb 2018 10:00:00 -0500COMING SOON- The Gadsden Downtown Charlestonhttp://www.buyhomesincharleston.com/blog/coming-soon-the-gadsden-downtown-charlestonhttp://www.buyhomesincharleston.com/blog/coming-soon-the-gadsden-downtown-charleston
Listings for The Gadsden luxury condominiums in Downtown Charleston just went live on the MLS yesterday, February 15th! This condo will have 76 residences available with 1, 2, or 3 bedroom floor plans; some of these residences will feature a park view or a city view. The&nbsp;design of the condo&nbsp;incorporates a warm welcoming feel&nbsp;alongside modern updates such as new stainless steel appliances, ove...Alan DonaldFri, 16 Feb 2018 14:00:00 -0500Charleston, SC Real Estate Market Update: October 2017 Edition http://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-october-2017-editionhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-october-2017-edition
The Real Estate Market (in General)
Our real estate market continues to perform well. Year to date, we are up 3.3% over the same period from 2016 in number of transactions. In 2017 we may possibly sell over 18,000 homes for the first time in history!&nbsp;A few MLS areas are actually down in sales numbers simply due to lack of inventory, no one wants to leave!!
Year to date, we are up 4.1% in me...Alan DonaldThu, 02 Nov 2017 13:56:00 -0400Charleston, SC Real Estate Market Update - July 2017 Editionhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-july-2017-editionhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-july-2017-edition
Charleston, SC Real Estate Market Update
In general, the Charleston, SC real estate market here is booming and 2017 will likely be the busiest year we&rsquo;ve ever had, so far the market is up by 8.9% over 2016, which was our second busiest year. Median sales price is also up 4.4% to an all time high of $250k. The economy is roaring along, with only about 3.1% unemployment rate.
Demand for the...Alan DonaldSat, 01 Jul 2017 09:00:00 -0400Cainhoy Plantation - Major New Development Projecthttp://www.buyhomesincharleston.com/blog/cainhoy-plantation-breaking-ground-on-this-major-scale-projecthttp://www.buyhomesincharleston.com/blog/cainhoy-plantation-breaking-ground-on-this-major-scale-projectDevelopers broke ground this month on Cainhoy Plantation, a 9,000-acre tract of land (part of the Guggenheim holdings that included Daniel Island) with the construction of a 274-unit apartment complex ("The Village at Point Hope".
The master plan calls for a mix of residential, retail, recreational, educational and commercial uses. The Daniel Island Company is the developer. A new school has a...Alan DonaldSat, 17 Jun 2017 10:30:00 -0400Top 6 Home Buyer Facts - What's on Their Wish List?http://www.buyhomesincharleston.com/blog/top-6-home-buyer-facts-what-s-on-their-wish-listhttp://www.buyhomesincharleston.com/blog/top-6-home-buyer-facts-what-s-on-their-wish-listNote: I found this article on Realtor Mag and thought it was interesting to copy/paste here (with some minor edits).&nbsp;
Alan
What&rsquo;s on Home Shoppers&rsquo; Wish Lists
A new Realtor.com&reg; survey revealed the top desires of home buyers today, according to Realtor Mag, the official magazine of the National Association of Realtors.
"The insights from our most recent consumer survey provide a gli...Alan DonaldThu, 20 Apr 2017 14:05:00 -0400Charleston, SC Real Estate Market Update - April 2017http://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-april-2017http://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-april-2017Charleston, SC is&nbsp;getting abundant positive publicity, both domestically and internationally. Top Chef just finished airing the season that was filmed here. The Tennis Channel is making a huge deal out of their first ever full week coverage of the WTA Volvo Car Open tournament here next week on Daniel Island, they are calling it the premier clay tournament in America&nbsp;(Volvo is the main sponsor ...Alan DonaldSat, 01 Apr 2017 08:30:00 -0400Charleston Real Estate - March 2017 Updatehttp://www.buyhomesincharleston.com/blog/charleston-real-estate-march-2017-updatehttp://www.buyhomesincharleston.com/blog/charleston-real-estate-march-2017-updateWhile 2016 was our second&nbsp;busiest year ever for Charleston Real Estate, 2017 has really started off with a bang.
January was the busiest January in history for Charleston real estate. Inventory is low and demand is very high, which could lead to prices going up even more. Currently, mean prices&nbsp;are still below the trend line going back to 1991, but that may change soon if inventory stays this ...Alan DonaldTue, 28 Feb 2017 17:51:00 -0500Charleston Area Real Estate Market Update - February 2017http://www.buyhomesincharleston.com/blog/charleston-area-real-estate-market-update-february-2017http://www.buyhomesincharleston.com/blog/charleston-area-real-estate-market-update-february-2017
The real estate market here is sizzling hot&nbsp;- January 2017 was the busiest January we&rsquo;ve ever experienced, and 2016 was the 2nd busiest year ever, second only to 2005 by just a few hundred home sales. We sold over 17,000 houses and that was up over 10% over 2015. The graph shows a 3-month average for closed sales since 2004.&nbsp;
The median sales price was at an all time high of $245,000, but th...Alan DonaldThu, 02 Feb 2017 12:45:00 -0500Charleston SC Real Estate: 2016 Year In Reviewhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-2016-in-reviewhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-2016-in-review2016 was a great year for Charleston, SC and its real estate market.
We&nbsp;closed 17,736 transactions for residential properties (homes)&nbsp;in the Charleston Area. This is up by 9.05% over 2015 numbers and our 2nd busiest year ever. In addition, we closed 1,274 vacant land transactions, a similar number than in 2015.
In terms of median home price, we are up by 4.95% YTD over 2015 and the median s...Alan DonaldFri, 30 Dec 2016 08:25:00 -0500Charleston SC Real Estate - December 2016 Updatehttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-december-2016-updatehttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-december-2016-updateCharleston, SC Real Estate - December 2016 Update
The Charleston real estate market continues to do extremely well and reflects the strong&nbsp;state of the overall economy here.
We are up 10% year-to-date in the number of transactions and we may sell over 17,000 homes this year. It will either be the busiest or the second busiest year ever.
Median sales price is up almost 5% to $244,000 (see c...Alan DonaldMon, 05 Dec 2016 07:45:00 -0500Charleston SC Real Estate Market Update - November 2016http://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-november-2016.htmlhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-november-2016.htmlCharleston Strong
Our real estate market here continues to do very well. New construction is prominent in several MLS areas including Johns Island and Mount Pleasant. However, new construction seems to be making its biggest strides in the Jedburg/Ridgeville area near the new Volvo plant that is under construction.
The Nexton community (developed by Westrock) is going to dwarf the already si...Alan DonaldTue, 01 Nov 2016 16:40:00 -0400Condos - What Every Buyer Needs To Know...http://www.buyhomesincharleston.com/blog/condos-what-every-buyer-needs-to-knowhttp://www.buyhomesincharleston.com/blog/condos-what-every-buyer-needs-to-knowCondos. &nbsp;Buyers who like them, love them. &nbsp;&nbsp;But they cannot always close on them - mainly for two reasons: the number of investors owning the units, or that the condo is in litigation.There are solutions, with potentially more on the way.
Conventional loans: Did you know that Fannie Mae does not have a limit any longer on the number of investors who own units in a condo project? Nice.&nbsp;And, wit...Alan DonaldFri, 21 Oct 2016 10:56:00 -0400Charleston SC Real Estate Shows Strong Sales Activity YTDhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-shows-strong-sales-activity-ytd.htmlhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-shows-strong-sales-activity-ytd.htmlCharleston SC Real Estate Stats - Oct. 2016
The Charleston Area continues to show a strong performance compared to 2015. Year-to-date, we are up 10.5% in number of transactions (we will close well over 16,000 transactions this year - it will either be the best or the 2nd best year ever in our history). However, real estate is hyper-local: Not all areas of the Charleston SC Metro are behaving e...Alan DonaldWed, 12 Oct 2016 09:48:00 -0400Charleston's Real Estate Market Updatehttp://www.buyhomesincharleston.com/blog/charleston-s-real-estate-market-update.htmlhttp://www.buyhomesincharleston.com/blog/charleston-s-real-estate-market-update.htmlCharleston Real Estate Market Update by the&nbsp;Charleston Trident Association of Realtors
CHARLESTON, SC&mdash;(September 13, 2016) 1,732 homes sold during August in the region at a median price of $241,530 according to preliminary data released today by the Charleston Trident Association of Realtors&reg; (CTAR). In August 2015, 1,390 homes sold at a median price of $218,000. This data reflects a 25% incre...Alan DonaldTue, 13 Sep 2016 14:49:00 -0400Charleston's Real Estate Market Steams Ahead!http://www.buyhomesincharleston.com/blog/charleston-s-real-estate-market-steams-ahead.htmlhttp://www.buyhomesincharleston.com/blog/charleston-s-real-estate-market-steams-ahead.html
The price gap between Mount Pleasant and the rest of the Charleston Area continues to widen (see Graph No. 1 - click to magnify).
However, the "supply and demand" Months of Inventory curves have once again intersected&nbsp;(see Graph No. 2&nbsp;- click to magnify).&nbsp;In the past, this "crossing" has been a precursor to a market shift. While inventory is still low, if history repeats ...Alan DonaldMon, 01 Aug 2016 12:58:00 -0400Supply & Demand – The Charleston, SC Real Estate Market – July 2016http://www.buyhomesincharleston.com/blog/supply-demand-the-charleston-sc-real-estate-market-july-2016.htmlhttp://www.buyhomesincharleston.com/blog/supply-demand-the-charleston-sc-real-estate-market-july-2016.htmlSupply &amp; Demand &ndash; The Charleston, SC Real Estate Market &ndash; July 2016
The following table shows the Active (homes currently for sale on MLS - supply) and Pending (homes currently under contract on MLS &ndash; demand) for the Charleston SC Area. (click on the table to view a larger version).
Interesting take-away points from this table:
1. Lines 2 and 3 show that there are a lot of overpriced listing...Alan DonaldFri, 15 Jul 2016 10:12:00 -0400Is This Summer The Ideal Time To Sell Your Charleston Home?http://www.buyhomesincharleston.com/blog/is-this-summer-the-ideal-time-to-sell-your-charleston-home.htmlhttp://www.buyhomesincharleston.com/blog/is-this-summer-the-ideal-time-to-sell-your-charleston-home.htmlIs This Summer The Ideal Time To Sell Your Charleston Home?
This is&nbsp;an opinion article&nbsp;about Charleston real estate and the value of your Charleston home. If you&rsquo;ve been following the news, you would have heard that the Federal Reserve is likely to raise interest rates when they meet on June 15th. &nbsp;It&rsquo;s been all over the news in these past few weeks. Here are&nbsp;a few of these articles: NY Times...Alan DonaldTue, 07 Jun 2016 22:47:00 -0400Charleston Real Estate Market Update - June 2016 Editionhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-june-2016-edition.htmlhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-june-2016-edition.html
Charleston Real Estate Market Update - June 2016 Edition
(click graphs to enlarge)
This year's real estate market continues to outperform 2015.
Last year was the first time we ever experienced over 400 properties going under contract in one week, and it happened only 4 times in the whole year. This&nbsp;has already happened 8 times this year and we are only halfway through!
Median sa...Alan DonaldTue, 31 May 2016 13:45:00 -0400Charleston SC Real Estate Future Prices Forecasthttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-future-prices-forecasthttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-future-prices-forecast
Future Price Prediction
Active inventory continues to hold steady at around 5k units.&nbsp;However, under contract units is up to a very high level of over 4k units.&nbsp;The median list price of the active inventory continues to rise.&nbsp;Short sales and foreclosures now make up less than 3% of all active inventory.&nbsp;
The future prices chart ((click on the table to view larger version)&nbsp;continues to l...Alan DonaldThu, 19 May 2016 17:15:00 -0400Charleston Real Estate Market Update - May 2016 Editionhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-may-2016-edition.htmlhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-may-2016-edition.htmlCharleston Real Estate Market Update - May 2016 Edition
Our real estate market here is the busiest it&rsquo;s ever been, busier than 2005-6. Through March&nbsp;we are up 7.3% in transactions over the same period from 2015. And median sales price is up&nbsp;to $235k, which is up about 5% over the same period from 2015. (Click the graphs to view larger images)
Prices are up, so short sales and foreclosures&nbsp;are...Alan DonaldSat, 30 Apr 2016 15:00:00 -0400Charleston Real Estate Market Update - April 2016 Editionhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-april-2016-edition.htmlhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-april-2016-edition.htmlCharleston Real Estate Market Update - April 2016 Edition
Our real estate market is booming. Activity is extremely high and inventory is low.
Prices are going up, but at a very reasonable pace. Buying activity in January and February was up by&nbsp;10% over 2015 and prices were up 6.6% year-over-year. Median sales price is&nbsp;above $232,000.
It will be interesting to see if buying activity can exc...Alan DonaldMon, 04 Apr 2016 16:21:00 -0400Charleston Real Estate Market Update - March 2016 Editionhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-march-2016-edition.htmlhttp://www.buyhomesincharleston.com/blog/charleston-real-estate-market-update-march-2016-edition.htmlCharleston Real Estate Market Update - March 2016 Edition
All the&nbsp;great events, restaurants and accolades have put Charleston on the national and international radar, so many&nbsp;people and businesses&nbsp;are moving here. Our real estate market continues to outperform many others and it is on a sustainable growth path, as demand is being generated by employment creation and baby boomers retiring, not ...Alan DonaldSat, 27 Feb 2016 17:07:00 -0500Charleston SC Real Estate Market Update - February 2016http://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-february-2016.htmlhttp://www.buyhomesincharleston.com/blog/charleston-sc-real-estate-market-update-february-2016.htmlCharleston SC Real Estate Market Update - February 2016
The real estate market in Charleston continues to rage on.&nbsp; Buying activity was at unprecedented levels through the November through January months, where we normally see a bit of a slowdown. &nbsp;Click on the image to see full-size graph.&nbsp;
2016 will surely set many records. The end of the year numbers for 2015 are in and we had a great ye...Alan DonaldTue, 02 Feb 2016 14:00:00 -0500